Clean Harbors (NYSE:CLH) Price Target Lowered to $272.00 at Robert W. Baird

Clean Harbors (NYSE:CLH - Get Free Report) had its target price reduced by research analysts at Robert W. Baird from $285.00 to $272.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Robert W. Baird's target price points to a potential upside of 24.90% from the company's current price.

A number of other equities analysts have also recently commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 price target for the company. Oppenheimer boosted their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Clean Harbors has a consensus rating of "Buy" and an average price target of $270.56.

Clean Harbors Price Performance

NYSE:CLH traded up $5.59 during mid-day trading on Thursday, hitting $217.77. 1,006,327 shares of the stock traded hands, compared to its average volume of 428,280. The business's 50-day moving average price is $233.16 and its 200 day moving average price is $242.03. The company has a market cap of $11.74 billion, a PE ratio of 29.35 and a beta of 1.24. Clean Harbors has a 12-month low of $180.24 and a 12-month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the company earned $1.82 earnings per share. Clean Harbors's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts expect that Clean Harbors will post 8.08 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of the company's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 861 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,785 shares of company stock worth $444,558 in the last three months. 5.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CLH. Creative Planning raised its holdings in Clean Harbors by 10.8% in the 3rd quarter. Creative Planning now owns 3,147 shares of the business services provider's stock worth $761,000 after purchasing an additional 308 shares in the last quarter. Blue Trust Inc. raised its holdings in Clean Harbors by 19.1% in the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider's stock worth $86,000 after purchasing an additional 61 shares in the last quarter. Raymond James & Associates raised its holdings in Clean Harbors by 4.1% in the 3rd quarter. Raymond James & Associates now owns 92,034 shares of the business services provider's stock worth $22,246,000 after purchasing an additional 3,584 shares in the last quarter. Signaturefd LLC raised its holdings in Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock worth $119,000 after purchasing an additional 52 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Clean Harbors by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider's stock worth $363,000 after purchasing an additional 111 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.